A Data Science Central Community
A Telecom prospect has asked for alternatives to Next Best Offer method for their fast moving/changing value-added services. Their target audience is prepaid users. They claim that the traditional market basket analysis (affinity analysis) is not a valid method.
For many analytic problems, computer simulation is used where problems are simply too hard to solve deterministically. I can’t directly calculate tomorrow’s closing value of a market index for example (if I could I wouldn’t be here) but with an elaborate enough pricing model, I can pre-compute the values of the financial instruments that comprise an index or…Continue
Added by Gord Sissons on May 24, 2015 at 8:32am — No Comments
There is a fire, everything burnt into ashes, reborn the phoenix.
Challenges faced by the industry
It happens to every industry, the down cycle is the time to restructure, optimize for the longer journey. The same happening to the investment banking industry. Weighted by public scrutiny and heavier regulation on disclosure, rounds of cost cutting and restructuring follows. Silicon Valley has overtaken Wall Street as the…Continue
Added by Jeffrey Ng on May 23, 2015 at 3:30am — No Comments
Good Morning and Welcome to this addition of the Morning Analytic Coffee Blog. Today, I'm focusing on the science in Data Science. In 7th grade, we were taught that the following is the scientific method, as described by Bacon: Question, followed by initial knowledge gathering, the formation of hypothesis, designing a test to that hypothesis, performing said experiment, writing all of the results, analyzing said results, reporting them and finally verifying them through a duplicate…Continue
Added by Richard D. Quodomine on May 22, 2015 at 5:59am — No Comments
So, every morning, the analyst, from junior to senior to principal, has a choice to make among three possible paths. Do I: increase my technical proficiency by learning to program or some new statistical methodology, or do I improve my knowledge level of the industry I am working with because of a project that is upcoming, or do I work on soft skills to improve reporting and client relations? Presuming that a deadline is not looming, the analyst has an…Continue
Following the Mediator scandal, France adopted in 2011 a Sunshine Act. For the first time we have data on the presents and contracts awarded to health care professionals by pharmaceutical companies. Can we use graph visualization to understand these…Continue
Added by Rosaria Silipo on May 6, 2015 at 12:30am — No Comments